Categories: Uncategorized

LNP – IMF to work with Sri Lanka’s new president, welcomes creditor agreement

(Reuters) – The International Monetary Fund welcomed on Monday last week’s announcement of an agreement in principle between Sri Lanka and a group of its international bondholders to restructure $12.5 billion in bonds, the fund said, adding it looks forward to working with newly elected president Anura Kumara Dissanayake.

“We look forward to working together with President Dissanayake and his team towards building on the hard-won gains that have helped put Sri Lanka on a path to economic recovery,” a spokesperson for the fund said via email.

The fund said it will discuss the timing of its third review of the current program with Sri Lanka “as soon as practicable.”

Source: Reuters

AddThis Website Tools
Tyronne Jayamanne

Recent Posts

LNP – Arrest warrant issued against Sajin de Vass Gunawardena

LNP – Arrest warrant issued against Sajin de Vass Gunawardena

Colombo Additional Magistrate Pavithra Sanjeewani Pathiraja today issued an arrest warrant against former Parliamentarian Sajin…

15 hours ago
LNP – Sri Lankan film ‘Riverstone’ picks up two awards at Shanghai International Film Festival

LNP – Sri Lankan film ‘Riverstone’ picks up two awards at Shanghai International Film Festival

The 27th Shanghai International Film Festival (SIFF) celebrated the best in global cinema at a…

16 hours ago
LNP – Jaffna to lead first phase of coconut pest eradication program

LNP – Jaffna to lead first phase of coconut pest eradication program

The Coconut Cultivation Board has announced the launch of a special program titled “Coconut Fortnight”…

16 hours ago

LNP – Sri Lanka’s FDI records 90% increase in first quarter 2025

The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI)…

4 days ago

LNP – Sri Lanka deports 85 Chinese nationals over criminal activities

A total of 85 Chinese nationals convicted for various crimes, including cyber-related offences, were deported…

4 days ago

LNP – Think twice before buying EVs: Vehicle importers

The Vehicle Importers Association of Lanka (VIAL) has urged the public to carefully consider their…

4 days ago